ACI — March 2020: Holding steady

Sponsored by
Register now

After bouncing back strongly last month, the Accountants Confidence Index held steady for March.

While some respondents predicted a slowdown before the end of the year — possibly as a result of the presidential election — most expected the economy to be strong for the short- and midterm. A small number noted the potential negative impact of the coronavirus, but the survey was conducted in mid-February, before very many cases had been reported in the U.S.

The ACI, published in partnership with ADP, is a monthly economic indicator that leverages the insights of accountants into the strength and prospects of businesses in the U.S. The 3-Month ACI came in at 55.34, down very little from the previous month's 55.82 (and well above the 50 mark that separates expectations of growth from expectations of contraction). The 6-Month ACI, meanwhile, came in at 56.49, holding steady with last month's number.

The index components mostly held steady; the biggest changes were in the short- and mid-term expectations for large-business clients, which were off by approximateley two points.

The ACI is created from a monthly poll of the Accounting Today Executive Research Council, an online community of more than 1,500 tax and accounting professionals.

Confidence Index Economy Economic indicators Big business Small business Client strategies Coronavirus